How much money will you get after taxes if you win the Mega

taxes taken out of lottery winnings
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Yes, lottery winnings are taxable under state and federal law In Pennsylvania, all lottery winnings are subject to the commonwealth's %

The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a

taxes on million dollar lottery US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

taxes on 1 million dollars lottery winnings The same is true at the state level While lottery winnings are subject to state income tax in most states, withholding tax varies from zero (